For Sale - 1383 Lansdowne Avenue, Toronto, Ontario

Est payment $5,272/mo
Views   1
Time on Jump  1 days
  • Turn-key semi with two units generating immediate rental income.
  • Upper unit offers 2 bedrooms, leased at $2,600/month.
  • Main floor/lower unit features 1 bedroom and 2 bathrooms, leased at $2,500/month.
  • Significant updates like 200-amp service, waterproofing, and HVAC improvements.
  • Each unit has its own laundry, perfect for tenants' convenience.



Fabulous income-generating opportunity at 1383 lansdowne avenue. This well-maintained, turn-key semi offers two units, both currently tenanted, providing immediate and stable rental income. The upper unit features 2 bedrooms and 1 bathroom and is leased for $2,600/month on a month-to-month basis. The main floor and lower level offer a spacious 1-bedroom, 2-bathroom unit, leased for $2,500/month with a fixed term until october 31, 2026. Tenants pay utilities, with each unit responsible for 50% of hydro, gas, and city of toronto utilities. Significant updates enhance both functionality and long-term value. Property improvements include 200-amp electrical service, basement waterproofing along three exterior walls, and installation of a sump pump and backwater valve. Additional updates include roof shingles (2018), furnace (2019, owned), a/c (2022), upgraded windows (2016) and insulation/soundproofing in the basement ceiling. Both units are equipped with their own laundry. An ideal property for investors seeking strong cash flow in a central toronto location, or for end-users looking to live in one unit while generating rental income from the other or convert to a single-family home.
Listing IDW13037972
Address1383 Lansdowne Avenue
CityToronto, Ontario
Price$1,098,000
Bed / Bath3 / 3 Full
Style2 1/2 Storey, Semi-Detached
ConstructionBrick
TypeResidential
StatusFor Sale
Subtype Semi-Detached Indoor Features Water HeaterAmenities Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, Fenced YardOwnership FreeholdViews CityBasement Finished with Walk-OutFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
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Listing Agency:  CHESTNUT PARK REAL ESTATE LIMITED

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1383 Lansdowne Avenue
Toronto , Ontario
3 3 $1,098,000
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